Robert Besser
04 Feb 2023, 13:40 GMT+10
WASHINGTON D.C.: The Biden administration has stopped issuing export licenses to US companies seeking to ship most items to China's Huawei.
While officials in the U.S. Department of Commerce have granted licenses for some American firms to sell certain goods and technologies, Huawei has faced US export restrictions involving items for 5G and other technologies for several years.
In 2020, Qualcomm received permission to sell 4G smartphone chips to Huawei.
Huawei and Qualcomm declined to comment on the report, which was earlier reported by Bloomberg and the Financial Times.
"China opposes the US abusing an overly broad notion of national security to suppress Chinese firms unreasonably," Chinese foreign ministry spokesperson Mao Ning said during a press conference in Beijing this week.
The US move "goes against the principles of the market economy and rules of international trade and finance, hurts the confidence the international community has in the US business environment and is blatant technological hegemony," Mao added.
In 2019, Huawei was placed on a US trade blacklist in 2019, restricting most US companies from supplying it with goods and technologies, unless granted approval.
US officials have continued to tighten controls, in an effort to stop Huawei from buying or designing the semiconductor chips used in most of its products.
In December, Huawei said its overall revenue was some $91.53 billion, slightly lower than in 2021 when US sanctions caused its sales to decline by some 30 percent.
Get a daily dose of Orange County Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Orange County Sun.
More InformationWashington [US], March 21 (ANI): The United States will send Ukraine USD 350 million in weapons and equipment as battle ...
The red-hot Vegas Golden Knights take their show on the road for a three-game Canadian road trip that begins on ...
washington - President Joe Biden signed a bipartisan bill Monday that directs the federal government to declassify as much intelligence ...
Washington [US], March 21 (ANI): US President Joe Biden on Monday signed a Bill, the "COVID-19 Origin Act of 2023", ...
Ron DeSantis has blasted a ?Soros DA? over the case while getting in an apparent dig at the former US ...
beijing - Experts are still investigating the cause of the crash of a China Eastern Airlines jetliner that killed 132 ...
WASHINGTON D.C.: The US government has reported that the exceptionally wet winter in California this year will offer relief from ...
FRANKFURT, GERMANY: Authorities said that as part of a crackdown on gangs suspected of blowing up ATM machines and stealing ...
BERLIN, Germany: Germany will send a cabinet minister to visit Taiwan next week, at a time when Berlin is reviewing ...
ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...
ATLANTA, Georgia: Data from the Centers for Disease Control and Prevention released this week showed that in 2021 during the ...
SAN FRANCISCO, California: Demands by environmentalists have resulted in the passing of rules in which natural gas-powered furnaces and water ...